The future evolution of e commerce

July by Cat Smeaton 5 Comments Ecommerce sales continue to grow on a yearly basis, yet despite this, only 7. However, the graph does not take into account that new market entrants could mean that areas with a low percentage of overall sales online could grow at a suddenly fast rate.

The future evolution of e commerce

Feb 7, 5: Indeed, e-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. While there were admittedly a few bumps along the road, the path from through the holiday shopping season is full of crucial milestones of Internet pioneers and technology innovators.

A stroll down memory lane reminds us of terms like "stickiness," "eyeballs" and "personalization" that once captured the essence of articles about what it takes to be successful on the Web.

The future evolution of e commerce

However, even as we look back at 10 years of growth, many analysts have one eye on the future and they are saying, "we've got a long way to go. That figure would more than double 's online spending to account for some 12 percent of all retail sales, up from about 7 percent today.

In the beginning, the Internet was characterized by slow dial-up connections and online billboards. Netscape came on the scene in with its point-and-click Web browser that opened the door to the billion-dollar revenues e-tailers enjoy today. Two of the first online purveyors were, of course, eBay and Amazon.

Although Amazon certainly had a lot of skepticism from the street as to when it was going to become profitable, the company kept at it.

Amazon finally posted its first net profit two years ago, marking one of the most important milestones for e-commerce.

This past holiday season, its 10th, was its busiest ever. Amazon set a single-day record with more than 2. SBC Communications began offering high-speed connections in However, it was hardly uphill from there.

The future evolution of e commerce

Controversial times would soon follow. Look no further than Napster, the online music swap site that started a war with the music industry that is still raging. The Recording Industry Association of America continues to file lawsuits in droves to stop music file sharing.

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Analysts said the coming years will surely see an evolving digital music landscape. And who could forget Toysrus. The company still couldn't keep up with demand a year later.

That, combined with the denial-of-service attacks that made headlines in earlyshook consumer confidence and ushered in a new era of focus on security. Not too long afterward, the Internet bubble burst, seeing major players like Boo.

However, a rebound wasn't too far off.

What China Reveals About the Future of Shopping

People started to find out that it was convenient to get their holiday shopping done online. Riley believes the power of the Internet has enabled innovators and entrepreneurs to reach their audiences efficiently and effectively over the past decade.

Colletta told the E-Commerce Times that online buying is mainstream today as compared to a decade ago. By making the payment process easier, the shipping process has become easier and more visible. Once a shipment is en route, it's trackable at all points along its journey.

In the Beginning, There Was Amazon

UPS' Colletta said we've only just begun:The Future Evolution of E-Commerce Essay The Future Evolution of E - commerce After the invention of the Internet, numerous companies such as Amazon and EBay were launched and customers were able to buy different kinds of products directly online.

Perhaps one of the biggest trends last year was the inclusion of e-commerce in social networks, such as Facebook, Twitter, YouTube, Instagram and Pinterest.

One of the major reasons for inclusion. of e-commerce in India: Creating the bricks behind the clicks. Evolution of e-commerce in India The rapid growth of e-commerce in India Over the last two decades, rising internet future, other categories such as food and beverages, departmental store, home.

However, when it comes to e-commerce, men drive nearly as much spending online as women and are more likely to make a purchase on a mobile device. Furthermore, Millennials between the ages of 18 and 34 spend more money online than any other age group.

Perhaps one of the biggest trends last year was the inclusion of e-commerce in social networks, such as Facebook, Twitter, YouTube, Instagram and Pinterest.

One of the major reasons for inclusion. According to several internet historians, the first known e-commerce transaction was a drug deal. Students at Stanford University's Artificial Intelligence Laboratory and Massachussetts Institute.

The Evolution of Ecommerce